Ernesta G. Procope Explained

Ernesta Gertrude Procope (née Forster) (2 September 1923 – 30 November 2021) was an American investment banker and insurance executive who was the head of the largest insurance agency run by a Black woman.[1] Ernesta Gertrude Forster was born on Feb. 9, 1923, in Brooklyn and was raised in Bedford-Stuyvesant. As a child, she played the piano and performed once at Carnegie Hall.[2]

She founded the commercial insurance brokerage firm E. G. Bowman, Inc. in 1953, naming it after her husband who had died the previous year.[3] In 1977, E. G. Bowman became the first African American owned business to be located on Wall Street.[4] She was also the chairperson of the board of directors at Adelphi University. An investigation of the school's finances showed that it was a customer of E. G. Bowman.[5] For this conflict of interest, she, the president, and sixteen other members of the board were removed from their posts.[6]

In 1972, she presented with the Woman of the Year Award by then First Lady, Pat Nixon.[1]

She died on 30 November 2021, in Queens, New York, at the age of 98.[7]

Notes and References

  1. News: Roberts . Sam . 2021-12-09 . Ernesta Procope, Pioneering Black Insurance Broker, Dies at 98 . en-US . The New York Times . 2023-02-23 . 0362-4331.
  2. News: 2021-12-09 . Ernesta Procope passes . en-US . Amsterdam News . 2023-02-23.
  3. Book: Jessie Carney Smith

    . Jessie Carney Smith. Jessie Carney Smith. Black Firsts: 4,000 Ground-Breaking and Pioneering Historical Events. 2012. Visible Ink Press. 978-1-57859-424-5. 171.

  4. https://www.thehistorymakers.org/biography/ernesta-g-procope-41 Ernesta G. Procope
  5. News: Lambert. Bruce. Chairwoman of Adelphi's Board Is Accused of Using Her Double Role to Advantage. 27 September 2020. New York Times. 24 September 1996.
  6. News: Lambert. Bruce. NEW YORK REGENTS OUST 18 TRUSTEES FROM ADELPHI U.. 18 May 2015. New York Times. 27 September 2020.
  7. Web site: Ernesta Procope, the 'First Lady of Wall Street', Dies at 98. BloombergQuint. Laurence. Arnold. 10 December 2021. 10 December 2021.